Nigeria’s headline inflation rate decline to 14.45% y/y–NBS

National Bureau of Statistics NBS has reported that Nigeria’s headline inflation rate has dropped to 14.45% in November from 16.05% in October 2025. The NBS November inflation report show showed that headline rate stood at 14.45% year on year as against 16.05% in October.

It said that 
Core inflation rate recorded 18.04% year on year a drop from the 18.69% in October. 
Food inflation rate on the other hand dropped to 11.08% from its previous 13.12%,

According to NBS, this is a 1.6% drop in the inflation rate in a month and also the 8th consecutive decline. The Nigeria Bureau of Statistics (NBS) said this in its latest report on Inflation and Consumer Price Index released on Monday.

On an annual basis headline inflation rate dropped by 20.15% from the 34.60% recorded in November 2024. According to the NBS, the food inflation rate stood at11.08 percent, a 28.85 percent lower the 39.93 percent rate recorded in November 2024

“This means that in November 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in October 2025.” The Rural inflation rate was 15.15% on a year-on-year basis in November 2025.

This was 17.12% lower compared to the 32.27% recorded in November 2024. On a month-on-month basis, the rural inflation rate was 1.88% in November 2025, up by 1.43% compared to October 2025.

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